Newsletter Mar 26, 2021

More than two months since taking office, President Joe Biden held his first press conference Thursday, and he had lots of topics to catch up on.

3 Things
  • Biden's soap box: It took nine weeks for President Joe Biden to step up to the podium for the first press briefing of his term. But once he finally took the mic Thursday, he had a lot of things on his mind.

    Biden fielded questions on a wide array of subjects -- the pandemic, the economy, the border crisis, gun violence, foreign relations -- you know, issues more important than inaugural crowd size and low-flow toilets. He even took one about former President Donald Trump.

    "My predecessor?" Biden sarcastically replied. "Oh God, I miss him."

    Other than a few lighthearted moments before a socially distanced media contingent, Biden addressed the many problems the country is currently facing in a serious manner. He struck a strong tone in warning North Korean leader Kim Jong-un about his recent rocket launches, upped his campaign pledge to  vaccinate 200 million Americans in his first 100 days in office, and even declared his intention to run for office again in four years -- at the age of 82.

    "My plan is to run for reelection," he said. "That's my expectation." 

    So could we see Biden-Trump II in 2024 (a real battle of the aged)? That will depend on how the president handles the issues he discussed, and how his health holds up. But as Thursday's press conference showed, there's no shortage of contrasts with Trump.

    WATCH SOME OF THE HIGHLIGHTS FROM BIDEN'S PRESSER

  • VP on the border: The crisis at the U.S.-Mexican border was a hot topic at Biden's presser, particularly his decision to put Vice President Kamala Harris in charge of dealing with the crisis.

    "I can think of nobody who is better qualified to do this," Biden said of his his vice president. "When she speaks, she speaks for me."

    Biden, who was assigned similar task-force issues during his eight-year tenure as VP under Barack Obama, vowed to straighten out the mess on the border that has spanned several administrations.

    The effort to alleviate overcrowding at border detention facilities includes a plan to temporarily relocate unaccompanied migrant children to two Texas military bases. The Trump administration's child-separation policy kept migrant kids in cage-like conditions.

    "I make no apologies for (ending) that," Biden said of the policy. “I make no apologies for ending programs that did not exist before Trump became president that have an incredibly negative impact on the law, international law, as well as on human dignity."

    SEE BIDEN'S PLAN TO DEAL WITH THE INFLUX OF MIGRANTS

  • Stimulus check checkup: If you have no yet received your $1,400 stimulus check, do not be alarmed. Delays with the IRS and Social Security Administration have delayed millions of the payments.

    The development comes after Democratic leaders, led by House Ways and Means Committee Chair Richard Neal, D-Mass., gave the SSA 24 hours to give the necessary payment information to the IRS. 

    “We demand that you immediately provide the IRS with this information by tomorrow,” Democrats wrote in a letter to the SSA. “Now the IRS needs to do its job and get these overdue payments out to suffering Americans. Further delays will not be tolerated.”

    As of Wednesday, the Treasury Department had delivered stimulus payments to more than 127 million Americans, amounting to roughly $325 billion. But more are on the way via direct deposit, pre-paid debit card, or a paper check. Visit IRS.com's "Get My Check" tool.

    FIND OUT WHEN THE NEXT ROUND OF CHECKS WILL ARRIVE

Markets
DJIA 32,619.48 0.62%
S&P 500 3,909.52 0.52%
Nasdaq Composite 12,977.68 0.12%
Japan: Nikkei 225 29,164.95 1.51%
UK: FTSE 100 6,674.83 -0.57%
Crude Oil Futures 59.14 0.99%
Gold Futures 1,722.40 -0.16%
Yen 109.24 0.05%
Euro 1.18 0.14%
* As of market close

Brand warfare

China has its own way of housing large populations at detention centers, and criticism of Beijing's human rights abuses against Uyghuers and other minorities held against their will has set up a clash between the communist country and Western capitalism. 

In response to criticism and economic boycotts of its products involving forced labor, China launched its own public relations campaign against Western brands. Celebrities critical of China's human rights abuses have severed ties to major brands like Nike and Adidas, H&M is facing an economic boycott, and Burberry lost a lucrative deal with Tencent Games over the increasing tensions.

At least one million Uyghurs and people from other mostly Muslim groups have been held in camps in the Xinjiang region. Human rights groups accuse China of using prison labor and forcibly sterilizing women. International companies and big-name celebrities have taken a stand against China's policies, and the communist superpower is fighting fire with fire in a new PR campaign of its own.

SEE CHINA'S WAR OF WORDS WITH COMPANIES, CELEBRITIES


The Big (Green) Apple

Start spreading the news; New York is close to legalizing marijuana.

That's the word out of the Empire State as lawmakers have cleared the way for decriminalization and recreational use. Although the bill is far from a done deal, the state has reached agreement over the legal parameters and budgetary regulations that could have New Yorkers firing up soon.

The Marijuana Regulation and Taxation Act would impose a 9% tax on the sale of cannabis and related products, generating an estimated $350 million in annual revenue for a state facing budget deficits and a shrinking tax base. The proposed bill assigns specific spending measures to go toward education, social equity and drug treatment programs.

Other hurdles lawmakers were able to overcome in striking a deal involve setting limits on legal possession (3 ounces or less), addressing driving under the influence enforcement, and establishing the number of plants residents are allowed to grow for personal use (12 plants per household).

FIND OUT HOW LONG BEFORE NEW YORKERS CAN LIGHT UP


Peep-si Cola

Few things are more disgusting than those glow-in-the-day marshmellow Peeps that magically appear every Easter, but some marketing genius has finally found a way by offering the pastel-colored Peeps in liquid form.

Pepsi announced the launch of the Pepsi x Peeps Soda on Thursday, unveiling brightly hued cans that match the Easter basket staples. The beverage/candy mashup will feature the familiar taste of the iconic soft drink with a springtime twist of the distinct Peeps marshmallow flavor.

For Peeps and Pepsi fans (or just the morbidly curious), the brands are offering the opportunity to win a three-pack of the new concoction, which will come inside a Peeps-inspired design of 7.5-ounce Pepsi mini-cans.

The colors of the cans will include bright yellow, blue and pink. The 10 grand prize winners will receive a collector’s package of the Pepsi x Peeps collaboration -- and the losers will actually be forced to drink it.

FIND OUT HOW TO ENTER THE DRAWING FOR FREE PEEP-SI


My Peeps

Peeps have developed a cult-following since their invention in 1953. What American town drops a jumbo-sized Peep at midnight on New Year's?

(Thursday's answer: Granula was the first commercial breakfast cereal. Invented in 1863, it was so tough that it had to soak in milk overnight.)

SEND YOUR ANSWER HERE TO SHOW OFF YOUR KNOWLEDGE

Think Fast Start

We hope you are enjoying waking up to Fast Start, and we say the more the merrier. Introduce your friends to us by forwarding them a copy and encourage them to subscribe. Tell them to let us know you sent them.

HERE'S THE EMAIL ADDRESS YOUR FRIENDS WILL NEED


Was this email forwarded to you? Sign up here.





IBTimes will always protect your security and privacy. Please read our detailed Privacy Policy. Please do not reply to this email. Click here to adjust your notification preferences or unsubscribe. 
© Copyright 2021 IBTimes LLC. All Rights Reserved.